SEC Issues Release & Investigative Report on Token Sales

The SEC has issued long awaited guidance regarding token sales, also referred to as ICOs. We will issue a summary of this guidance shortly, but in the interim please find the links to the SEC’s press release, investigative report, and public statement from the SEC’s Divisions of Corporation Finance and Enforcement.

Should you have any questions about the legal implications of this guidance on your current or planned token sale, please feel free to contact Grant Fondo, Mitzi Chang or Mike Whalen.